SOLD
Sold on 02 Nov 2023 for $700,000

3-5 Melrose Street
Lara VIC 3212

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 173m2
Land area: 1272m2
Sold By
Jason Barnett
BARNETT REAL ESTATE
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Property Details for 3-5 Melrose St, Lara

3-5 Melrose St, Lara is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1966. The property has a land size of 1272m2 and floor size of 173m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 4 bedroom House sold in Lara in the last 12 months.

Building Type
House
Year Built
1966
Floor Size
173m2
Land Size
1272m2
Local Government
Greater Geelong
Lot/Plan
33/LP52878

Last Listing description (December 2023)

This family-sized dual-level four-bedroom home is waiting for someone to unlock its full potential. Offering original 1970s features, two separate titles and backing onto Flinders Reserve.
This property offers a unique opportunity for the astute buyer to secure a prime location in the sought-after suburb of Lara. With multiple options available, this property has the potential to suit a variety of needs and lifestyles.
The sizeable four-bedroom house provides ample living space for a growing family or those looking for extra room to entertain guests. The lower zone, with its living area, bedroom, ensuite and large workshop area, could be the ideal place to run your home business. The spacious yard is perfect for kids and pets, while the Kevin Hoffman walk at the back of the property offers easy access for your daily exercise needs. Or, of course, you can spend your time relaxing on the deck while taking in the views of the surrounding native landscape.

The property's dual titles and expansive land size present a golden opportunity for subdivision, subject to council approval. Given the scarcity of available land in the coveted Lara neighbourhood, this presents a rare chance to divide and build, with the potential for significant returns. Whether you're a seasoned developer or a first-time investor, this prime location offers excellent prospects for capital growth. Don't miss this extraordinary opportunity to shape your property portfolio in one of Lara's most desirable locales.
Call today to book our inspection or attend an upcoming open for inspection.

Property History for 3-5 Melrose St, Lara, VIC 3212

A timeline of how this property has performed in the market
Last Sold
$700,000
02 Nov 2023
  • 02 Nov 2023
    Sold for $700,000
  • 28 Aug 2023
    Listed for Sale $710,000 - $780,000

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About Lara 3212

The size of Lara is approximately 89.5 square kilometres. It has 45 parks covering nearly 6.7% of total area. The population of Lara in 2011 was 13,845 people. By 2016 the population was 16,375 showing a population growth of 18.3% in the area during that time. The predominant age group in Lara is 40-49 years. Households in Lara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lara work in a professional occupation. In 2011, 76.8% of the homes in Lara were owner-occupied compared with 75.1% in 2016.

Lara has 10,784 properties.

    There are currently 88 properties listed for sale, and 13 properties listed for rent in Lara on OnTheHouse. According to CoreLogic's data, 421 properties were sold in the past 12 months in Lara.

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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.